Diversey Holdings Ltd. (DSEY) Misses Q3 EPS by 20c

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Go back to Diversey Holdings Ltd. (DSEY) Misses Q3 EPS by 20c

Diversey Announces Third Quarter 2022 Results

November 3, 2022 7:00 AM EDT

Reported sales +3.6% compared to prior year; +17.3% in constant currency Institutional (2%) reported sales and +12% in constant currencyFood and Beverage +18% reported sales and +33% in constant currency Net Loss of $36.5 million for the third quarter Adjusted EBITDA was $88.0 million, representing Adjusted EBITDA margin of 12.8%Adjusted EBITDA margin declined (320) basis points compared to prior year; improved by 40 basis points sequentially from the second quarter 2022 and 370 basis points from the first... More